OpenAI Slashes Prices on Some of Its Newest Models
Move comes as AI companies contend with customer complaints about surging bills
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Exclusive: AWS Taps Apple Executive to Lead Key AI Products
AgentCore, an AWS service for building and running AI agents that Amazon CEO Andy Jassy mentioned in his annual letter to shareholders, is getting a new leader.
Leopold Aschenbrenner’s Hedge Fund Sells Public Equity Bets to Citadel
The $20 billion hedge fund started by former OpenAI employee Leopold Aschenbrenner sold much of its public equity bets to Citadel after suffering steep losses.
U.S. Senators Press Apple Not to Buy Chinese Memory Chips
The debate over whether Apple should buy Chinese memory chips comes amid a global memory chip shortage due to AI demand.
OpenAI CFO Says Revenue Growth Accelerated in July
Increase comes from more use of Codex and ChatGPT Work, among other factors
AWS AI Product VP Gets Expanded Role as Strategic Advisor
AWS CEO appoints Swami Sivasubramanian, a 20-year Amazon veteran who leads its agentic AI products, to lend his experience to other internal teams.
Robinhood 2Q Prediction Market Revenue Surpassed Crypto
Prediction market revenue surged 10 times to $156 million, while crypto revenue fell 38%.
Meta Shares Fall as Profits Drop
Shares fell after the company reported weaker second-quarter earnings, with higher spending and legal costs weighing on profits.
Microsoft’s AI Sales Didn’t Boost Overall Growth But the Company Says It Won’t Burn Cash
Paid Copilot AI seats rose quickly, though.
Exclusive: Thinking Machines Cofounder to Return to OpenAI
Lilian Weng will be working on using AI models to develop new models, otherwise known as recursive self-improvement research.
TSMC’s Japan Plant Gradually Resumes Operation After Earthquake
The chip giant is still conducting detailed inspections at the plant in southern Japan to assess the impact.
Trump Administration Bans New Humanoid Robots From China
The new restrictions on foreign-made robots reflect Washington’s growing tech rivalry with Beijing.
OpenAI, Anthropic Endorse Letter Asking US to Help Pace AI Development
More than 1,100 senior executives and other employees at leading AI companies signed the letter.
Amazon Hires Google TPU Veteran to Work on Trainium Software
Robert Hundt, ex-software leader for Google's Tensor Processing Unit chips, will focus on the software developers use to run models on Amazon's Trainium chips.
Commvault Shares Drop On Growth Slowdown
The data security firm’s shares fell after its executives reiterated their forecast that its deceleration in revenue growth would persist this year.
PayPal CEO Says ‘Open’ To Evaluating Deal Offers
PayPal shares jumped 4% after reporting second-quarter revenue growth.
Meta and BlackRock Partner on $14bn El Paso Data Center
The joint venture underscore the growing demand for capital to fund AI infrastructure
Taiwan Detains Nvidia Employee in China Chip Smuggling Probe
The detention is part of an ongoing investigation into the alleged smuggling of Nvidia chips into China.
ASML Shares Slide After Information Report on China Producing DUV Tool
If the Chinese company can successfully manufacture the tools, it could eat into the Dutch chipmaking company’s dominant market position.
Microsoft Launches Mythos Competitor, New Homegrown AI for Cybersecurity
Microsoft wants to cash in on rising cybersecurity spending as companies prepare for AI-powered threats.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy